STK Introduction

The speed with which cryptocurrencies has entered the public consciousness over the past couple of years has been remarkable. In order to take the next step though, and gain widespread acceptance and use, the technology needs to be able to handle point of sales (POS) transactions. Once cryptocurrencies overcome the technical hurdles of settling some of the $22 trillion spent globally by consumers each year, their use will become ubiquitous. The major hurdle is one of time lag. The average confirmation time for a Bitcoin transaction is 10 minutes, far too long for everyday use. Even the 24 seconds that your average Ethereum transaction takes to settle is too long for POS purchases.

The STK platform, implemented through the STK wallet has developed the infrastructure to allow much faster transactions. It is built around their own digital multicurrency wallet, a liquidity pool of fiat currencies, and a system of opening individual State Channels for each transaction. The ecosystem is powered by STK tokens, their proprietary ERC20-compliant cryptocurrency registered to the Ethereum blockchain.

Risk Warning: The cryptocurrency investment is a venture capital deal, it has 7 x 24 hours trading business model with no market close time. Please pay more attention to risky investment. KuCoin holds a strict system of censorship about all tokens deal, but we never take any liability for the investment behavior.